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Historically, cryptocurrencies have demonstrated resilience, bouncing back from significant price drops. Here are examples of well-known projects:
1. Bitcoin (BTC):
- 2011: Dropped 90% from $31.91 to $3.22, then rebounded to $266.53 (2013)
- 2017: Dropped 60% from $19,666 to $7,521, then rebounded to $64,804 (2021)
2. Ethereum (ETH):
- 2018: Dropped 94% from $714 to $43, then rebounded to $4,891 (2021)
- 2022: Dropped 77% from $4,891 to $1,073, then rebounded to $2,000+
3. Cardano (ADA):
- 2018: Dropped 97% from $1.33 to $0.027, then rebounded to $3.10 (2021)
4. Stellar (XLM):
- 2018: Dropped 95% from $0.93 to $0.04, then rebounded to $0.93 (2021)
5. Monero (XMR):
- 2018: Dropped 93% from $469 to $31, then rebounded to $517 (2021)
factors contributing to crypto's resilience:
1. Increasing adoption
2. Improving technology
3. Regulatory clarity
4. Institutional investment
5. Community support
@phaverapp has everything and more, so trust in $SOCIAL, the future's gonna be lit! @poolboy @saska @investor… 2 replies
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